News

Wyoming lawmakers propose a bill to allow state funds to be invested in Bitcoin

January 19, 2025 1 min read

Wyoming lawmakers have proposed “House Bill 0201” (HB0201), allowing the state treasurer to invest up to 3% of certain state funds in Bitcoin. These funds include the general fund, permanent mineral trust fund, and permanent land fund. The bill permits investments through direct Bitcoin purchases or regulated Bitcoin exchange-traded products (ETPs) from registered investment companies. To maintain transparency, the state treasurer must provide annual reports on Bitcoin investments. These reports

TRUMP surpasses Pepe and Shiba Inu to become the second-largest meme coin

January 19, 2025 1 min read

TRUMP, a new meme coin launched by President-elect Donald Trump, has quickly become the second-largest meme token by market cap, surpassing Pepe (PEPE) and Shiba Inu (SHIB). As of now, TRUMP has a market cap of around $13.5 billion, trailing only Dogecoin (DOGE), which stands at around $54 billion. The token was introduced on Truth Social and X just two days before Trump’s inauguration, symbolizing his ideals and a celebration

The SEC charges DCG and Genesis executives for misleading investors

January 19, 2025 1 min read

The SEC has charged Digital Currency Group (DCG), its subsidiary Genesis Global Capital, and former Genesis CEO Soichiro “Michael” Moro for negligence and misleading investors about Genesis’s financial status. DCG, founded in 2015 by Barry Silbert, is a key player in the cryptocurrency industry, owning Grayscale Investments, the largest digital asset manager, and previously owning CoinDesk. Genesis, established in 2013, faced financial issues after the collapse of Three Arrows Capital

$1,000 in XRP, HBAR, or XYZVerse? Analyst Names the Best Altcoin for 2025

January 19, 2025 4 mins read

Investing $1,000 in the right cryptocurrency today could yield substantial returns by 2025. An analyst has identified one altcoin that outshines popular choices like XRP and HBAR. This article explores which digital coin stands out as the top pick, offering insights into the potential leader of the next market surge. XYZVerse: The Best New Meme Project You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven,

$TRUMP meme coin surges 1,000% in 24 hours

January 19, 2025 1 min read

Donald Trump has introduced his official memecoin, TRUMP, which has seen a remarkable price surge since its launch. The TRUMP token’s value jumped nearly 10,000%, rising from around $4 to $78.80. This rapid growth has positioned TRUMP among the top four meme coins by market capitalization, outpacing established tokens like Pudgy Penguins and Floki Inu. Arthur Hayes, the former CEO of BitMEX, shared his views on the TRUMP token, describing

Coinbase reintroduces Bitcoin-backed loans in the U.S.

January 19, 2025 1 min read

Coinbase has reintroduced Bitcoin-backed loans in the U.S., allowing users to borrow against their Bitcoin assets. This service is not available to New York residents and enables U.S. account holders to access up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral. The exchange has partnered with Morpho Labs, a decentralized finance protocol, to facilitate the lending process on Base, Coinbase’s Ethereum layer-2 network. Max Branzburg, Coinbase’s vice

Nasdaq files to list Canary Capital’s Litecoin ETF

January 19, 2025 1 min read

The Nasdaq has filed form 19b-4 to trade Canary Capital’s Litecoin ETF, marking a significant step towards launching the first altcoin ETF in 2025. This follows Canary’s recent updates to its form S-1, which addressed SEC feedback, indicating that approval may be close. Analysts are hopeful about the SEC approving the fund. ETF expert Nate Geraci believes all necessary steps have been taken, while Eric Balchunas notes the SEC’s positive

Over $3 billion in Bitcoin and Ethereum options expire today

January 18, 2025 1 min read

Today, approximately $3 billion in Bitcoin (BTC) and Ethereum (ETH) options are expiring, generating notable activity in the cryptocurrency market. This event coincides with Donald Trump’s upcoming inauguration, adding to the excitement as Bitcoin exceeds the $100,000 milestone. Specifically, over 21,600 Bitcoin options contracts, valued at around $2.2 billion, are set to expire. The put-to-call ratio for Bitcoin stands at 0.94, indicating a positive outlook among traders who anticipate price

Bitget teams up with Jambo to fund a telecom satellite launch

January 18, 2025 1 min read

Bitget, a leading cryptocurrency exchange, has partnered with Jambo to support a telecom satellite launch aimed at enhancing decentralized access in emerging markets. Jambo plans to raise $5 million through a token sale on Bitget’s LaunchX platform to expand its blockchain ecosystem and facilitate this project. This collaboration is expected to increase Bitget’s visibility while allowing Jambo to integrate its blockchain communication hardware. Jambo, launched in 2022 and referred to

Justin Sun announces Tron’s USDD 2.0 stablecoin with 20% APY

January 17, 2025 1 min read

Justin Sun has announced the launch of USDD 2.0, a new version of Tron’s stablecoin, offering a 20% annual percentage yield (APY). Tron will fully subsidize this yield, and Sun claims the company has enough funds to support it. However, the community is skeptical due to the issues faced by USDD 1.0. USDD 1.0 was launched in 2022 with a 30% APY, which was later reduced due to market instability.

Oklahoma and Texas propose Bitcoin reserve bills

January 17, 2025 2 mins read

Lawmakers in Oklahoma and Texas are pushing forward with proposals to create Bitcoin reserves, reflecting the rising acceptance of Bitcoin (BTC) in public finance. This trend is part of a larger movement as various US states explore the integration of Bitcoin into their financial frameworks. In Texas, State Senator Charles Schwertner has introduced bill SB 778, which aims to designate Bitcoin as a reserve asset. This would enable the state

Burwick Law files a lawsuit against Pump.fun

January 17, 2025 1 min read

Burwick Law has initiated a lawsuit against Pump.fun, representing investors who claim to have lost money due to failed meme coins and alleged rug pulls on the platform. The law firm is encouraging affected users to join the case by filling out an intake form. Pump.fun, a notable meme coin launchpad on the Solana blockchain, faces accusations of financial misconduct and not fulfilling promises. Reports suggest that over 60% of